Pilots Offered Extra Rs 1,00,000 A Month To Stay At Go Air
NDTV
The additional pay, which the airline calls a retention allowance, will come into effect on June 1, according to an email to pilots seen by Bloomberg News.
Go Airlines India Ltd. plans to raise salaries of captains by 100,000 rupees ($1,211) a month and by 50,000 rupees for first officers as it tries to salvage its operations after filing for insolvency on May 2.
The additional pay, which the airline calls a retention allowance, will come into effect on June 1, according to an email to pilots seen by Bloomberg News. It will also be offered to those who have left the company but are willing to withdraw their resignations by June 15. The airline, which rebranded as Go First two years ago, said it will also soon reintroduce a "longevity bonus" for long-serving staff.
Go's captains currently earn about 530,000 rupees a month on average, according to data on AmbitionBox, compared with 750,000 rupees at SpiceJet Ltd., which has increased wages twice in recent months.
Last week, the aviation regulator gave Go Air 30 days to submit a revival plan, including details on how many pilots it has.
